On the daily timeframe took the trend line and support/resistance line
on the H4 time frame took the fib and can possibly see a retrancement to the golden area of 61.8 which lines up with the support line (blue line )
so if we take this trade at market open with the three confluences 1) resistance 2) trendline 3) fib
would be a risky trade , one personally i would take
but on the H4 at market open if the next H4 candle gives a bearish candle and closes leaving us with a evening star pattern , ill enter more which is 4 confluences
i see this playing out for this coming week
on the H4 time frame took the fib and can possibly see a retrancement to the golden area of 61.8 which lines up with the support line (blue line )
so if we take this trade at market open with the three confluences 1) resistance 2) trendline 3) fib
would be a risky trade , one personally i would take
but on the H4 at market open if the next H4 candle gives a bearish candle and closes leaving us with a evening star pattern , ill enter more which is 4 confluences
i see this playing out for this coming week
Trade closed: target reached
TP hit , after long time of holding , but eventually got there
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.